Offshore

/ Tech wild year

/ Oil goes negative

/ Gold breaks $2,000

/ Brexit

/ Tesla

Local

/ Sasol

/ Top40 green for the year & just off all-time highs

/ Even the Rand recovered most of the losses and trades better than 5 years ago

/ Budget deficit

/ Lots of business rescue, but less than I expected

Simon Shares

• Trellidor* (JSE code: TRL), I've been buying. We've seen DIY stocks doing well and small SA Inc shares surprise to the upside and I think this could be one of them. Interim is end December so an update should arrive mid-February.
• Sygnia (JSE code: SYG) results were really good. This stock was very expensive at listing and above 2400c in 2016 it was crazy. But price came down and earnings increased so now looking fairly priced and very well positioned in the low cost and passive space with even trading contributing around 25% to revenue.
• I received an email about being charged massive fees for a trade that happened over multiple days. This is not new and is how the JSE charges. Trades on one day, same stock and all buys or sells are bulked together and charged as one trade. But trades in separate days are each charged as a new trade and so the brokerage minimums hit and can hit hard, very hard. The way to avoid is when you get that SMS for first trade to adjust the price to ensure full quantity or do an at market trade.
• Next show will be 14 January; predictions with Marc Ashton, Keith Mclachlan and myself. We look back at the previous years and make new bold ones.
• Position your portfolio for 2021

* I hold ungeared positions.

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2020 finished n klaar

I've lived a lot of years but no matter how many, none like this one. What is has done is force us to reflect on things. Frankly to reflect on pretty all things as everything got turned upside-down.

As an example, I 'had' to live in Johannesburg because of my TV work. Well, now we know that isn't the case as I have been doing weekly TV shows from my lounge since March. In the future, I continue doing TV work from my lounge, and that the lounge could be anywhere with high-speed Internet.

I also remember hard lockdown surrounded by all my 'things'. They did not make my life beautiful, I missed people and experiences.

I also remember my portfolio crashing and not even checking how bad it was. Markets recover, sure this recovery was swifter than anything I have seen before and made no sense. But markets often don't make sense and fighting them is fruitless.

It also gave us a real-time chance to measure a number of important investment considerations.

• How robust were the stocks you held?
• How diverse was your portfolio?
• Did you react accordingly?
• I sold some much-loved stocks that I thought would be in serious trouble and even bought a gold miner for the first time ever.
• Did you panic?

I did not get everything right, that truthfully is never the aim. But I also did not sit stuck like a deer in the headlights.
Point being, 2020 has been wild and we should reflect, reflect lots on our lives and or portfolios. If we do that right then we'll be stronger in the future.

Lastly, watch out for the push back. Lots of incentives to return to how it was, but is that what you want? Did you like the old way or do you see a new improved way or a blend? Decide and then make it happen.

JSE – The JSE is a registered trademark of the JSE Limited.

JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.

Offshore

/ US$908billion stimulus plan proposed for the US

/ US markets at new highs

/ Salesforce buying Slack for US$27.7billion

/ Pfizer vaccine starts being administered this week in the UK

/ Oil moving higher

/ Gold bounces need to get above US$1,860

Local

/ Sasol update, likely rights issue will be smaller

/ Locusts in NC, WC & FS and returning rains

/ Barloworld results (and price surge)

/ Vukile benefiting from non-metro malls

/ Top40 closes Friday at third-highest level ever

/ Comair returns to the skies but not the market

Simon Shares

• Really strong November for stocks. France and Italy had their best months ever, S&P500 +11% and JSE +10%.
• The Pfizer / BioNTech vaccine has been approved for use in the UK starting next week. Limited supplies so front line workers and old people first. But this is good news and suggests that the news for 2021 will be more about rolling out of the vaccine albeit probably also lots of second and third waves. But there is a light at the end of the tunnel and it's not a train.

Upcoming events;

• 03 December ~ JSE Power Hour: Position your portfolio for 2021

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• Bytes UK (JSE code: BYI) JSE listing is confirmed for next Thursday.
• Purple Group* (JSE code: PPE) very strong results for the year ending August 2020.
• Sygnia (JSE code: SYG) issue a strong trading update, HEPS expected 62%-67% stronger, results due on Tuesday.
• ASISA report record inflows into CIS in SA in Q3 while Q2 saw R88billion added as markets were collapsing. Peeps are smart.
• Decent bounce in gold, but still looking weak even as it moves above the 200-day MA. I hold Pan African* (JSE code: PAN) and continue to hold. The position is small and really is insurance for just in case. 2020 has been wild and I not placing bets in 2021 just yet.
• Aveng (JSE code: AEG) doing rights issue at 1.5c that will double the number of shares to 40billion! They'll then do a consolidation and always be short a consolidation. 
• Sasol (JSE code: SOL) seems to have cleaned up much of the mess and old enough assets to make a rights issue below the upper US$2billion level. Coupled with oil looking like it may go higher is good news for the share.

* I hold ungeared positions.

JSE – The JSE is a registered trademark of the JSE Limited.

JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.